Breaking: Shepard Smith has signed a new multi-year deal with Fox News Channel in which he will become the primary breaking news anchor for the network. In the process, he will lose his 7pmET “Fox Report,” while his 3pmET program “Studio B” will now be known as “Shepard Smith Reporting.”

In addition to the 3pm hour, Smith, who made his name with breaking news coverage, will now be the breaking news anchor for other Fox News programs. His new role will include a new studio, known as The Fox News Deck. Smith joined Fox News at launch in 1996. He began anchoring “Fox Report” at 7pm, 14 years ago tomorrow.

My guess is that Greta gets his 7pm slot, Megyn Kelly gets her own show at the 9pm slot, and Hannity gets moved to Greta's 10pm slot. I know Greta asked for an earlier time slot but unsure as to why Hannity was moved to 10pm. It's not like his ratings are hurting. My guess is that they believe his audience will watch him no matter what but the producers at FOX want Kelly's show to succeed immediately and putting it on after the most watched cable news program is a nice lead in for her.